This underutilized single-family home presented a unique opportunity for an investor seeking to provide more rental opportunities for people looking to live in the core of Toronto. The property was hindering its potential in a high-demand market. With a one-year completion goal, our team swiftly mobilized to transform the property.
Phase 1: Demolition and Foundation
Within just two months, we demolished the interior, initiating a comprehensive renovation that included underpinning, plumbing, and framing.
Phase 2: Multi-Unit Conversion and Attic Transformation
The main house is being converted into four legal rental suites, each equipped with submetering for efficient utility management. We opened up the attic to create a stunning cathedral ceiling in the upstairs unit, adding a touch spaciousness to the new space.
Phase 3: Laneway Suite Development
The old garage occupied a significant portion of the rear yard which is now being demolished to make way for a new laneway suite. The modern one-bedroom unit will feature a private entrance from the back lane, optimizing space and increasing rental potential. Notably, the new laneway suite will utilize 17% more of the lot than the previous garage.
By strategically repurposing the property and incorporating innovative design elements, we’re unlocking its full potential and delivering a substantial increase in rental income for our client.
Unlock new wealth opportunities by converting a single family home into duplex, triplex, fourplex or more. Our team delivers exceptional results, on time and within your budget.
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